ExodusPoint Capital Management LP Makes New $369,000 Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

ExodusPoint Capital Management LP purchased a new position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,636 shares of the company's stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC acquired a new stake in Victory Capital during the third quarter worth about $918,000. Geode Capital Management LLC increased its holdings in shares of Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock worth $57,446,000 after buying an additional 101,247 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Victory Capital during the 3rd quarter worth approximately $565,000. JPMorgan Chase & Co. raised its position in shares of Victory Capital by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 372,932 shares of the company's stock valued at $20,660,000 after buying an additional 11,785 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Victory Capital by 10.9% in the fourth quarter. Principal Financial Group Inc. now owns 52,830 shares of the company's stock valued at $3,458,000 after acquiring an additional 5,204 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Victory Capital Stock Up 2.9 %

Shares of NASDAQ VCTR traded up $1.63 during midday trading on Tuesday, hitting $57.40. The company's stock had a trading volume of 437,347 shares, compared to its average volume of 383,380. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86. The business's fifty day simple moving average is $60.63 and its two-hundred day simple moving average is $62.71. Victory Capital Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $73.42.

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Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.28%. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's payout ratio is presently 43.02%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VCTR. Morgan Stanley raised their target price on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. B. Riley restated a "neutral" rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Finally, Bank of America decreased their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $71.44.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.